Breakouts and Breakdowns

At the close of May 15, 2023, both PLUG and ABNB  were seen as BreakDOWNs

As of the close of yesterday, NFLX was a breakOUT candidate and DIS was a breakDOWN candidate.

Their charts are attached; All prices are as of the close of May 16, 2023.

 

 

 

GDX Trader show a change over the last few days.

Breakouts and Breakdowns

Since I expanded the number of stocks that I scanned for, GOOGL and GME have shown a breakout as well as NFLX.

OXY and PYPL have shown a breakdown, that is a downward bias.

I have attached the graphs of NFLX and OXY. Graphs created as of the close of Thursday, May 11, 2023. Published at 7:35 AM, not PM as shown. on bottom. I will try and get someone to fix that..

New Breakout Candidates

Just completed adding a few more stocks to the breakout scanner. The scanner now contains the 115 top-volume weekly options.

CCL was added today (Carnival Cruise Lines) and came up as a candidate a few days ago if I had it included in my scan at that time.

ARKK also hit today.

Both charts follow.  Close price as of today, May 10, 2023. Published on May 10 2023 at 10:17 PM. Disregard the draft stuff on the bottom. Do not know how to edit that stuff out.

GDX Trader

Some have proposed that the only stock to trade is GDX, the ETF representing gold miners. Others are predicting a large run-up in gold, the commodity.

The following is my chart of GDX trader, which shows a recent breakout to the upside in GDX.

LAZR is getting ready to Breakout

The last sale as of this notice is 6.33

Can Perfect Storm help in finding Beak DOWN candidates.

In the last few weeks, I have been highlighting breakout candidates using my Perfect Storm indicators.

The following is an example of a breakdown recently in First Republic (FRC). which was recently seized and sold to JPM.

 

Micron is the latest breakout candidate.

Micron (MU) has triggered a possible breakout as of the close of Friday, April 28, 2023